Leeway to business growth, by experts

Experts across major sectors of the Nigerian economyhave urged business owners to concentrate on leadership, risk management, technological advancement, as well as robust business strategies to engender growth in private concerns in particular and the economy in general.

According to them, a change to the trajectory may have become necessary as part of the efforts to ensure that drastic improvement and sustainable development greet the nation’s economy.

Speaking during a panel discussion on “Business Strategy in Nigeria” to mark the 50th birthday anniversary as well as book launch of the Senior Consultant and Chief Executive Officer of RTC Advisory Services Limited,OpeyemiAgbaje, the experts said that it was high time to explore the rich business opportunities in the country.

The Managing Director and Chief Executive Officer of Bank of Industry, RasheedOlaoluwa, said that the banking sector in the country has been transformed through the power of technology to a cash-less society.

He stressed that stakeholders in the sectors must follow the rapid improvement enhanced by technology to leverage service delivery.

Olaoluwa further said that banks must strengthen risk management through “adequate technology to help service delivery”.

“Developmental banking is making success through the Bank of Industry”, he said, adding that his organization is working harder to sustain institutions in the country.

He however, called on stakeholders across the country to focus on good organizational leadershipthat would be willing to drive change and execute properly planned actions in a bid to bring healthy future to Nigeria’s growing business environment.

The bank chief lamented that the country has performed poorly in developing technologies, noting that stakeholders must lendtheir support in finding a lasting solution to the trend.

The Chief Executive Officer of Digital Jewels Limited, AdedoyinOdunfa,pointed out that business owners would need to explore the advantage of technology in improving the future of their businesses only if they have healthy business strategies.

“Innovation plays big role in the use of technology to enhance businesses, people must ensure they do something different from the normal”, Odunfa said.

She noted that the understanding of the challenging business environment in the country must be a task by industries’ players to initiate ideas that would ensure that businesses continue to move forward.

The Chief Client Officer, who is also the Group Chief Executive Officerof Mansard Group, TosinRunsewe,harped on the need for organizations to concentrate on the right leadership with the right culture to ensure achievementof rapid development on short time basis.

Runsewe describe the development in the country’s health insurance scheme as remarkable, stating that the sector would see fast improvement in the near future.